President Trump threatened a new tax on cars imported from the European Union on Saturday, in response to threats of retaliation against new U.S. tariffs.
The European Union said Friday it was weighing potential tariffs against a wide range of U.S. goods in response to Trump’s announcement that the U.S. would impose tariffs of 25 percent on imported steel and 10 percent on imported aluminum.
“If the E.U. wants to further increase their already massive tariffs and barriers on U.S. companies doing business there, we will simply apply a Tax on their Cars which freely pour into the U.S. They make it impossible for our cars (and more) to sell there. Big trade imbalance!” the president said in a tweet Saturday.
If the E.U. wants to further increase their already massive tariffs and barriers on U.S. companies doing business there, we will simply apply a Tax on their Cars which freely pour into the U.S. They make it impossible for our cars (and more) to sell there. Big trade imbalance!
— Donald J. Trump (@realDonaldTrump) March 3, 2018
European Commission President Jean-Claude Juncker said the governmental body would consider imposing tariffs on three famous American products, including “on Harley-Davidson, on bourbon and on blue jeans — Levi’s.”
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#BREAKING: Trump threatens to tax European cars, escalating potential trade war https://t.co/COm7mEsRKq pic.twitter.com/jsN3uFzzie
— The Hill (@thehill) March 3, 2018
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